Disclaimer: This post is purely for information and entertainment purposes and is not to be regarded as financial and investment advice.

In today’s increasingly internet-based and interconnected world, it is very difficult to stay ahead of the methods that you can use to buy consumer goods and services. On a daily basis, hearing the phrase ‘cash or check’ in a store seems like an ancient trading method of the past!

If like most dads you are tech –savvy, you’ll know already that most purchases are made by credit cards, smartphones or from the comfort of your own computer by using electronic money. You probably have paid for most of your purchases by credit or debit card, but to many of us, the actual behind-the-screen mechanics of electronic currency is a mysterious and complex world. Also remember that you can easily buy bitcoin with a credit card online at sites which are very user-friendly for newbies.

What Is Electronic Currency?

One type of digital or virtual currency is cryptocurrency (such as  Bitcoin, Ethereum, Stablecoins), which is a type of digital cash that is secured by blockchain - “what on earth is that?”, I may hear you ask. Well, a blockchain is literally a secure digital records ledger, a block, within a network that is comprised of secure blocks of financial and transaction information that cannot be altered retroactively without altering all subsequent blocks.

All online participants within a blockchain have direct access to their data, so that in theory reduces the risk of one centralized data being hacked and transaction records being altered.

However, there has been recent controversy over some dubious “bitcoin mining” practices – cryptocurrency literally is created by millions of computers all over the world, and the transaction records determine how much they are worth. Unlike paper money, the issue of which is regulated (and you know how much is issued in most countries), there have been instances of bitcoin being duplicated using reproduced digital information.

As you can imagine, this reduces the value of the bitcoin – so if you are thinking of buying some, trading them and/or using them for your transactions, it is important to use a reputable and secure cryptocurrency exchange like virgocx.ca, where you be able to check the most up-to-date fair and verified market value for your cryptocurrency .

Ways To Pay Using Smartphones

There are a huge number of apps that enable you to carry an electronic wallet in your smartphone, such as Paypal, Venmo, Apple Pay, and Zelle. You need not worry about rushing to the bank to draw cash to pay for your home repair by https://thechimneyscientist.com/relining/  - just tap an few keys and you can pay their electronic invoice and hey presto, you are good to go.

The major advantage of these smartphone payments are that you never ever have to reveal your debit and credit card information, and if, like me, you have ever had your card skimmed at a checkout you will know how annoying it is to get a replacement.

Finally, think about this - one advantage to you of using electronic methods of spending your hard earned virtual cash is that you will not need treatment from https://www.channelsofwellness.com for your strained back caused by carrying around boat loads of bags coins when you are out and about in a busy town like, needing to feed parking meters all day!

So go cash-free now, and spend your hard-earned money safely so you can enjoy your busy fatherhood adventures!